Meanwhile, San Francisco has experienced a flood of homes for sale as Americans flee dense, expensive cities.
America’s housing shortage was intense before the coronavirus hit, with the number of homes for sale slumping 7% year over year in February. Now it’s even more acute: Supply dropped for the twelfth-straight month in July, plummeting nearly 20% to just 1.9 million homes—the lowest level of any July on record. Some of the nation’s most affordable areas are driving the deficit.
In San Antonio, TX, the number of homes for sale was